McGarvey Construction & Development, a family-owned construction, development, and management firm in Ft. Myers, FL, specialized in single-family, multi-family, and retail projects. The 2008 financial crisis severely impacted the industry, creating immense financial challenges for the firm.

With $600 million in debt across multiple properties, the company faced a severe liquidity crisis and the looming threat of personal bankruptcy. The firm’s assets were tied up in various projects, requiring negotiations with multiple banks, creditors, and equity holders. To survive, it needed a strategic restructuring plan to maximize asset retention and establish a new foundation for future operations.

• Financial Modeling: Assessed debt and equity structures, built cash flow forecasts, and consolidated individual property analyses into a holistic financial plan.
• Creditor Negotiations: Acted as a trusted advisor, engaging with banks, debt holders, and equity partners to secure favorable restructuring agreements.
• Tax Strategy: Identified tax efficiencies to minimize liabilities and optimize the financial structure post-restructuring.
• Out-of-Court Restructuring: Avoided bankruptcy by structuring customized agreements with each creditor, ensuring the client retained a substantial portion of assets.

• Avoided bankruptcy while retaining approximately 40% of assets.
• Secured restructuring agreements, allowing the company to rebuild under a sustainable financial structure.
• Cascade Capital’s expertise in financial restructuring, strategic financial modeling, creditor negotiations, and tax strategy was instrumental in the firm’s successful turnaround.